| Show TO reincorporate the of twenty five yean for which the mammoth establishment of zion ld cooperative co operative mercantile ansti was wa incorporated will expire in ID t ie 10 eary part of october next neati and steps are now BOW being taken looking to the of the institution letters are being sent out to the numerous numer oui stockholders setting the goneril condition of the institution and the advisability of reincorporating the majority of the stockholders have already signified their willing now to reincorporate aud and it is ia believed belie red that ihal they will be unanimous to la favor of such auch action for among the many who have been board beard from res respecting pectin the matter there to la not a dissenting voice during the existence of this excellent institution it bus bae paid out in divi aoude cien deth the large sum aum of or an aim annual average of 9 91 13 3 per cent while to the original capital there bus baa been added irom from time to time the han handsome darime sum aum of in stock dividends making a total of and yet this gratifying financial Is IB but a email thing compared with we the greater Kr eater though perhaps less ie tangible fungible benefits benefito which nave accrued to the inhabitants of this territory through irions fit bittence tence in controlling and adu regulating prices keeping them at a low flig figure ure ahie has baa been brought home to every consumer and he has thereby secured the largest possible value in merchandise for his bis money the reasons att forth forab for reincorporating are in part to preserve the be value of our large properties we have something like taree quarters of a million dollars wort biot blot merchandise besides our large holdings of real estate neither of which could be oil cm vertea int cash except at a ruinous sacrifice white to collect our outstanding accounts by a forced process would work incredible hardships and perhaps bankrupt many of our numerous cust customers omere so under all abe circumstances it has been deemed best befit in the interest of the holders to reincorporate and continue a business that has been so prosperous in the patt the depressed conditions generally xene rally through at the country the ty wid and constantly over its of merchandise has bas been enabled to 10 earn re remunerative munera tive dividends and we feel assured that no investment has paid to stockholders a fairer return for their heir money than has baa zion zions ziona a chaper Co aper alive mercantile institution the outlook is exceedingly enczur aging experience has bus demonstrated that periods of financial depression are followed by increased prosperity and commercial Roti activity vity it is evident the turning point has bae been reached and already we see unmistakable evidences dences or better times money la is easier our patrons are meeting their obligations with greater trade to is increasing and everything warrants the belief that we are cupoo the be threshold of an era of prosperity that will enable us to make better re turns to our stockholders than cormany for many years past A memorandum of agreement by and between the stockholders of tile the institution has been prepared and alcoa also a power of attorney authorial authorizing air the If officers ficere to represent Inte interest reste in the new corporation copies of which are enclosed with the letter sent out ong which Is signed by wilford woodruff president and thomas Q G webber secretary returns are being received very fast and the work of is t well under way and will be effected some time between now and august next neal it is possible to incorporate for a period of fifty years and this will in all probability be done although the present term was for but twenty five chis institution has been of inestimable value to the people of this oily and and in fact to the ing states and territories and all will be to know that hat its continued existence is assured |
